Saturday, September 15, 2012

Occupy automakers

With all the popular anger directed at the US banking system bailout, it's worth taking a quick look at the costs of TARP. While the US taxpayers have made $21 billion on the bank programs thus far, the TARP auto bailout is still massively in the red. With GM shares at $24, the Treasury's 26 percent stake in the automaker may take years to sell - still likely at a loss.